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Mr Green profit slumps 80% as higher costs hit bottom line

8th May 2015 8:30 am GMT

Stockholm-listed casino operator Mr Green & Co has seen revenue rise 27 per cent during the first quarter of this year, though increased marketing expenses and sales-related costs prompted an 80 per cent decline in net profit for the period.

Revenue increased to SEK195.2m (€21.0m), with mobile comprising SEK58.4m, or 29 per cent, of the total.

The business’ expansion beyond its core Nordic markets has progressed to the point that European revenue now accounts for 51 per [...]

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